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Author Topic: California makes it legal to pay with Bitcoin and other virtual currencies  (Read 1530 times)
lihuajkl
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July 01, 2014, 06:10:45 AM
 #21

Legalize bitcoin? Why do they need to do anything. Isn't something legal by default unless it's made illegal?

Yes. But Cali's law is funny that way. Long before Bitcoin was invented, they passed a law barring many types of payments. The definition they used in this law just happened to include Bitcoin. This new law exempts Bitcoin from this class of illegal payment mechanisms.
Never mind. At least the law making can adapt to the changing situation and are able to service the great interest of the population in Cali.
Cicero2.0
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July 01, 2014, 06:10:49 AM
 #22

Finally something good for Bitcoin.


This is far from being the first good new for bitcoin. That law was in no way inforced, so its almost the same as usual, but everyday there are shops accepting bitcoins, that MIT stuff, laws and regulations favorable to BTC, etc, etc... , just the FUD and bad news can be too noisy sometimes

Yep. There has been a ton of good news for bitcoin if one is paying attention. I think such a long string of good news has made us a bit ho hum about these stories.

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